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    5026 Babbitt Rd New Albany, OH 43054

    For Sale
    $1,300,000

    4.5-Acre Ohio Farm, $1.3M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 4.5-acre (196,020 sq ft) property in New Albany, Ohio (zip code 43054), presents a unique investment opportunity. Located at 5026 Babbitt Road, Franklin County, this land boasts a desirable location, backing directly onto land owned by Google. The property includes a residential home built in 1899

    Property Features for 5026 Babbitt Rd

    General Information

    Property type
    Farms

    Building Details

    Year Built
    1899
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Clothing Store Department Store Food Market HVAC Service Discount Store Electronics Store Storage Facility Computer & Electronic Repair

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Albany
    County
    Franklin
    State
    Ohio
    Longitude
    -82.7766364
    Latitude
    40.0556271

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    FAQs

    What type of property is this?
    Farm - 4.5-Acre Ohio Farm, $1.3M
    Where is this farm located?
    The property is located at 5026 Babbitt Rd New Albany, OH.
    What is the asking price?
    The asking price for this property is $1,300,000.
    Request Owner's contact information
    5026 Babbitt Rd New Albany, OH 43054
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    New Albany, OH 43054
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5026 Babbitt Rd New Albany, OH 43054
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